Divvy hiking daily prices

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CHICAGO – Starting next week it will cost extra to ride one of those blue bikes around the city.

Divvy is increasing the cost for daily bike rentals by about 40%.

That means the current $7 price will rise to $9.95 per day.

A daily pass is valid for 24 hours and it includes an unlimited number of rides lasting no longer than 30 minutes each.

The bike-sharing company says higher operational costs and growth led to the price hike.

By the end of this year the extra income will bring in an additional $400,000

Next year it will double that, bringing in $800,000.

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